Bancolombia (CIB) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bancolombia in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CIB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIB, but not buy additional shares or sell existing shares.
View CIB analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1-year price targets for Bancolombia's shares. Their CIB share price forecasts range from $27.00 to $33.00. On average, they anticipate the company's stock price to reach $30.25 in the next year. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for CIB or view top-rated stocks among Wall Street analysts.

Bancolombia's stock was trading at $28.54 on January 1st, 2023. Since then, CIB shares have decreased by 6.5% and is now trading at $26.68.
View the best growth stocks for 2023 here.

Bancolombia saw a decline in short interest in September. As of September 15th, there was short interest totaling 582,900 shares, a decline of 14.8% from the August 31st total of 684,000 shares. Based on an average trading volume of 273,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.5% of the shares of the stock are sold short.
View Bancolombia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our CIB earnings forecast.

Bancolombia S.A. (NYSE:CIB) issued its quarterly earnings results on Wednesday, August, 9th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.18. The bank earned $1.59 billion during the quarter, compared to the consensus estimate of $1.43 billion. Bancolombia had a trailing twelve-month return on equity of 18.40% and a net margin of 15.60%.

Bancolombia declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.7727 per share on Thursday, October 12th. This represents a $3.09 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $0.70.
Read our dividend analysis for CIB.

ETFs with the largest weight of Bancolombia (NYSE:CIB) stock in their portfolio include ALPS Emerging Sector Dividend Dogs ETF (EDOG).iShares Latin America 40 ETF (ILF).

Bancolombia (NYSE:CIB) pays an annual dividend of $3.56 per share and currently has a dividend yield of 13.55%. CIB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIB will have a dividend payout ratio of 66.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIB.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bancolombia investors own include Ecopetrol (EC), Grupo Aval Acciones y Valores (AVAL), Pfizer (PFE), GSK (GSK), International Business Machines (IBM), AT&T (T), Tyson Foods (TSN), Verizon Communications (VZ), Wells Fargo & Company (WFC) and Walmart (WMT).

Bancolombia trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIB."

Shares of CIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CIB stock can currently be purchased for approximately $26.68.

Bancolombia (NYSE:CIB) has a market capitalization of $6.42 billion and generates $27.75 trillion in revenue each year. The bank earns $1.36 billion in net income (profit) each year or $5.89 on an earnings per share basis.

The company employs 33,140 workers across the globe.

Bancolombia's mailing address is AVENIDA LOS INDUSTRIALES CARRERA 48 No 26 -85, MEDELLIN F8, . The official website for the company is www.grupobancolombia.com. The bank can be reached via phone at (574) 404-1837, via email at caa@bancolombia.com, or via fax at 574-404-5146.